Realtor Incomes Increase for Third Year; Rates Holding Near 2014 Lows; Inventory Shortage Makes Housing Competitive in 2014; REOs Rising Despite Foreclosure Drop

Archive: All Reports | Daily Rate Update | Daily Newsletter | Weekly Rate Update | Weekly Newsletter

View this Report in your Web Browser | Forward to a Friend | Subscribe

30 Year Fixed

                                                                4.16%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                3.28%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.51%
                                                                  
                                                                -0.0339

FNMA 30YR 3.5

                                                                102.52
                                                                  
                                                                +0.34

FNMA 15YR 2.5

                                                                103.80
                                                                  
                                                                +0.28

View Today's Rates

Tuesday May 20, 2014

MND NewsWire - 12:27PM

Realtor Incomes Increase for Third Year; Field Attracting Younger Agents

It has been a tough few years for real estate agents but according to information released by the National Association of Realtors (NAR) that appears to be turning around. NAR's 2014 ...

Mortgage Rate Watch - 3:37PM

Mortgage Rates Still Holding Near 2014 Lows

Mortgage rates improved modestly today, making it back in line with Friday's levels. These aren't the very best rates of 2014, but they're close enough to make the following statement ...

MND NewsWire - 9:52AM

Inventory Shortage Makes for Competitive 2014 Housing Market -Redfin

Sales, prices, and inventories all showed some signs of life in April. Redfin said today that median home prices were up in all markets on an annual basis, a national increase of 9 ...

MND NewsWire - 10:50AM

REO Inventories Rising Even as Foreclosures Drop

There are several interrelated factors which have led to a recent increase in the number of bank-owned properties (REO) nationally. While most measures of distress in the mortgage market ...

Latest Video

Where interest rates will be in a year

Fed's Dudley: Lower rates, long term

Santelli: Always been equity story

More News from 'Around the Web'

Bloomberg - 4:14PM
U.S. Apartment Rents Rise at Fastest Pace Since Recession - Bloomberg
WSJ - 4:14PM
Dudley: Three Reasons Why Housing's Recovery Will Be Slower
Washington Post - 3:23PM
Wonkblog: Foreign home-buyers are making housing more expensive. Should cities tax them for it?
CNN - 2:19PM
3 reasons interest rates will stay low for years
www.aei-ideas.org - 2:16PM
Was not massively helping underwater homeowners a massive mistake?
CNBC - 1:13PM
Fed's Dudley: Prioritize raising rates
Reuters - 1:13PM
U.S. rejects challenge to $13 billion JPMorgan Chase settlement
WSJ - 1:10PM
Plosser: Fundamentals of U.S. Housing Market Remain Sound
Market Watch - 1:05PM
Citi to increase mortgage lending business: report
Google News - 10:57AM
NAR Member Survey Shows Rise in Realtor® Income and Sales Volume
time.com - 10:53AM
Nearly 10 Million Mortgaged Homes are Still Underwater
CNBC - 10:20AM
Stocks start mildly lower; Home Depot disappoints
The Big Picture - 10:19AM
No, 8 in 10 Manhattan Home Sales Are NOT All-Cash
zillow.mediaroom.com - 10:02AM
Affordable Homes Three Times More Likely to be Underwater than Expensive Homes
Reuters - 8:37AM
Stock futures flat after two-day gain; Staples, Home Depot fall
CNBC - 8:35AM
US bonds hold steady; Fed remains in focus
CNBC - 8:34AM
The most sought-after homes still underwater

Today's Comments

	MBS Live Chat - 12:57PM "student loans deferred 12 months from app date, closing date or first payment date?..."
	MBS Live Chat - 12:59PM "I'd say closing. You're going FHA, I assume?..."
	MBS Live Chat - 1:03PM "RTRS - PLOSSER: U.S. OVERBUILT HOUSING BEFORE CRISIS AND IS RUNNING DOWN INVENTORY NOW..."
	MBS Live Chat - 1:08PM "pretty sure most homebuilders downsized during and after the crisis and inventory was being reduced until late 2012 early 2013 when we thought we were in an overbuilding dilema...."
	MBS Live Chat - 1:23PM "big boys passing along whoppers: .125-pt imp...."
	MBS Live Chat - 1:47PM "Boyfriend and ex girlfriend are on a FHA loan together. Since the FHA loan is assumable, can one of the borrowers assume the terms of the loan and have the other borrower removed from the obligation?..."
	MBS Live Chat - 1:28PM "plaza improved by almost .30..."
	MBS Live Chat - 1:51PM "They should be able to assume it, see http://mndne.ws/1lD4Law..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.16%

-0.02

15 Yr FRM

3.28%

-0.01

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

3.95%

-0.01

5/1 Yr ARM

3.21%

+0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.80%

1.10

+0.13

30 Yr. Fixed

4.67%

1.44

+0.13

MBA **

30 Yr. Fixed

4.39%

0.22

-0.04

15 Yr. Fixed

3.48%

0.12

-0.04

30 Yr. Jumbo

4.29%

0.16

+0.00

30 Yr. FHA

4.09%

0.00

-0.04

5/1 ARM

3.17%

0.24

-0.04

Freddie Mac **

30 Yr. Fixed

4.20%

0.60

-0.01

15 Yr. Fixed

3.29%

0.60

-0.03

1 Yr. ARM

2.43%

0.50

+0.00

5/1 Yr. ARM

3.01%

0.40

-0.04

Current Mortgage Rates »

* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.

Secondary Markets

MBS

Price

Change

30YR FNMA 3.0

98.45

+0.33

30YR FNMA 3.5

102.52

+0.34

30YR GNMA 3.0

100.28

+0.39

30YR GNMA 3.5

103.59

+0.39

15YR FNMA 3.0

103.80

+0.28

15YR FNMA 2.5

101.25

+0.33

Treasuries

Yield

Change

2 YR

0.3387%

-0.0081

5 YR

1.5097%

-0.0362

10 YR

2.5106%

-0.0339

30 YR

3.3808%

-0.0075

Prices as of: 5/20/2014 4:30PM EST

Current MBS / Treasury Prices »

MBS and Treasury data provided by Thomson Reuters.

Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information.

Secondary Marketing Managers:
If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice.

View this Report in your Web Browser | Forward to a Friend | Subscribe

Share Newsletters via Email

Share via Twitter

Share via Facebook

Share via LinkedIn

Share via Google+

Download a Printable PDF

Link to this Daily Report

Embed Directly into your Website

Subscribe to RSS Feeds